Financial Times (May 9)
To increase market access and streamline operations, “many of the world’s largest financial exchanges are transforming the way they run global capital markets” by adopting cloud computing technologies. CME Group “will move its IT infrastructure and markets to the cloud” through a partnership with Google while “Nasdaq and Amazon Web Services announced a similar collaboration” to transfer Nasdaq’s “North America-based markets to a cloud computing environment.” As the transition progresses, AI and quantum computing look poised to play more integral roles.
Tags: AI, AWS, Capital markets, Cloud computing, CME Group, Collaboration, Financial exchanges, Global, Google, IT infrastructure, Market access, Markets, Nasdaq, Operations, Streamline, Transforming
Institutional Investor (March 29)
“The LSE and Deutsche Börse have tried to merge twice before, but both attempts ended in acrimony.” This time looks different, but it’s still far from certain. “U.S. predators are lurking, with Atlanta-headquartered Intercontinental Exchange saying it’s considering an offer for LSE; there’s also talk that Chicago-based CME Group and Hong Kong Exchanges and Clearing could enter the fray and spark a global bidding war.”
Tags: Bidding war, CME Group, Deutsche Börse, Hong Kong, Ice, LSE, Merge, Predators, U.S.